11.04.2013 - Austrian real estate underperforms stocks and bonds
Austrian commercial real estate generated far lower returns relative to stocks and bonds in 2012. Property underperformed equities, which delivered 25.1% (MSCI Austria) and bonds with 13.7% (Austrian bond index) in 2012. But IPD noted that real estate 'strongly and consistently' outperformed stocks over a three-, five- and nine-year period. The IPD Austria Annual Property Index generated a total return on all property of 6.2% in 2012, only 10 basis points lower than the performance for 2011. Capital growth amounted to 1.2%, 0.3% lower than the 2011 figure, while income return increased by 0.1% to 4.9%...............................................Full Article: Source
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